EU planning to spend billions on climate issues

U.S. President Donald Trump (R) and first lady Melania Trump (C) speak with German Chancellor Angela Merkel on the sideline of the G7 Summit in Italy on May 26. Germany accounts for nearly 23 percent of all emissions tied to fossil fuels in the EU. Photo by Tiberio Barchielli/Chigi Palace Press Office/EPA June 1 (UPI) — The European Union is planning to spend tens of billions on climate-related issues by 2020, EU sources said ahead of the U.S. announcement Thursday on the Paris agreement. U.S. President Donald Trump is expected to announce his intention Thursday to start the process of pulling out of the international climate accord. Speaking from Berlin on Wednesday, European President Jean-Claude Juncker stressed that leaving the treaty isn’t automatic. “The climate agreement says: It takes three, four years after the treaty took effect in November 2016 to withdraw from the agreement,” he said. “This means […]